AllTechnical Analysis
logoArgusOctober 21, 2020

Technical Assessment: Bullish in the Intermediate-Term

Intermediate Term
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Long Term
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Summary

A dictionary definition of the phrase "a thorn in one's side" is "a constant or persistent cause of annoyance, frustration, or trouble." Well, that's exactly how we feel (and have felt) about market sentiment for several months. The pullback in September alleviated some, but not all, of our sentiment concerns. As well, the recent rally back toward all-time highs was enough to return many indicators back to excessive optimism.

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